Wealth is not that easy to calculate. In fact, most lists of the wealthiest people in the world do not add royalty or people whose wealth come from political positions. This is due to the fact that this kind of fortune is complex to calculate exactly. But as the amount of billionaires increases—there are 2,208 billions in the world at present—these excluded individuals from the lists of the wealthiest people continues to grow, and possibly exponentially. The net worth of billionaires has been climbing steadily for some time, and now the richest person in the world is undoubtedly Jeff Bezos, the founder and CEO of the company Amazon.
✅ AI Essay Writer ✅ AI Detector ✅ Plagchecker ✅ Paraphraser
✅ Summarizer ✅ Citation Generator
As of February, 2019, Jeff Bezos is the richest person in the world (Cannon, Christopher, et al.). This is agreed upon by the Bloomberg Billionaire Index and Forbes’ The World’s Billionaires. At present, his total net worth is 135 billion dollars (“The World’s Billionaires 2018”). As the founder and CEO of Amazon, he started the online bookstore in 1993 that later blew up into a global online retailer that has now branched out into many areas of technology. According to Bloomberg, “The Seattle-based publicly traded company operates retail websites Zappos and Audible, serves as a platform for third-party vendors, and provides cloud computing services. Amazon reported revenue of $233 billion in 2018” (Jeff Bezos). There is no certainty of which area of retail and technology Amazon might reach for next. Furthermore, Bezos’ wealth seems to not be slowing down in its increase.
The long-standing billionaire Bill Gates is the second richest person in the world with a total net worth of 97.5 billions dollars. According to Bloomberg, “Gates co-founded Microsoft, the world’s biggest software maker, and owns about 1 percent of the Redmond, Washington-based company. The rest of his fortune is managed through closely held Cascade Investment, which controls stakes in dozens of publicly traded companies, including Canadian National Railway, Deere and Ecolab” (Bill Gates). Though he owns very little of the company he founded, he has smartly invested in a variety of companies to keep his fortune afloat and thriving. However, it looks like Bezos has more potential for growth in terms of his wealth.
Another super famous billionaire tops the list, as the third richest person in the world goes to Warren Buffett with a total net worth of 84.3 billion dollars. In detail, Bloomberg writes, “Buffett is the chairman and largest shareholder of Berkshire Hathaway, the investment group that’s delivered a 20.9 percent compounded annual gain in market value since 1953. The Omaha, Nebraska-based company owns Geico, Clayton Homes and Dairy Queen, and has stakes in Coca-Cola and American Express” (Warren Buffett). Basically, Buffett has his hands in many multinational companies that have had sustained growth over the years.
Finally out of America, we have Bernard Arnault from France. His total net worth amounts to 80 billions dollars. According to Bloomberg, “France’s richest man is the chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest maker of luxury goods. He controls about half of LVMH, which had [a] revenue of 46.8 billion euros (55.3 billion) in 2018. It sells products including Louis Vuitton leather goods, TAG Heuer watches and Dom Perignon champagne” (Bernard Arnault). Like Bezos, his wealth his only growing and it would not be a surprise for him to be in the third or second place for the wealthiest person alive in the next few years.
Overall, the richest person in the world is Jeff Bezos, the founder and CEO of Amazon. With a total net worth of 135 billion dollars as of February of 2019, Bezos beats Bill Gates, the founder of Microsoft, as he lags behind with 97.5 billion dollars. It looks like Bezos will keep his title as the wealthiest person in the world for some time, given the diversity of his investments and constant growth of Amazon.
Works Cited
Cannon, Christopher, et al. “Bloomberg Billionaire Index.” Bloomberg.com, Bloomberg, 1 Mar. 2017, www.bloomberg.com/billionaires/.
“The World’s Billionaires 2018.” Forbes, Forbes Magazine, www.forbes.com/billionaires/#76da51d4251c.
Cannon, Christopher, et al. “Bloomberg Billionaires Index – Jeff Bezos.” Bloomberg.com, Bloomberg, 1 Jan. 2016, www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/.
Cannon, Christopher, et al. “Bloomberg Billionaires Index – Bill Gates.” Bloomberg.com, Bloomberg, 1 Jan. 2016, www.bloomberg.com/billionaires/profiles/william-h-gates/.
Cannon, Christopher, et al. “Bloomberg Billionaires Index – Warren Buffett.” Bloomberg.com, Bloomberg, 1 Jan. 2016, www.bloomberg.com/billionaires/profiles/warren-e-buffett/.
Cannon, Christopher, et al. “Bloomberg Billionaires Index – Bernard Arnault.” Bloomberg.com, Bloomberg, 1 Jan. 2016, www.bloomberg.com/billionaires/profiles/bernard-arnault/.
Follow us on Reddit for more insights and updates.
More from Expository Essay Examples and Samples
Comments (0)
Welcome to A*Help comments!
We’re all about debate and discussion at A*Help.
We value the diverse opinions of users, so you may find points of view that you don’t agree with. And that’s cool. However, there are certain things we’re not OK with: attempts to manipulate our data in any way, for example, or the posting of discriminative, offensive, hateful, or disparaging material.